Jiangsu Rainbow Heavy Industries Third Quarter 2024 Earnings: EPS: CN¥0.091 (vs CN¥0.066 in 3Q 2023)

Simply Wall St

November 01, 2024

Jiangsu Rainbow Heavy Industries (SZSE:002483) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥2.00b (up 3.5% from 3Q 2023).
Net income: CN¥81.2m (up 38% from 3Q 2023).
Profit margin: 4.1% (up from 3.1% in 3Q 2023).
EPS: CN¥0.091 (up from CN¥0.066 in 3Q 2023).

earnings-and-revenue-growth — SZSE:002483 Earnings and Revenue Growth November 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jiangsu Rainbow Heavy Industries Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Jiangsu Rainbow Heavy Industries.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.